US HR firm Deel acquires PaySpace, a 20-year-old SA payroll provider
- Deel is acquiring PaySpace, an Africa-based provider of payroll and HR software.
- This is the largest acquisition made by Deel and solidifies its presence in Africa.
- Other recent acquisitions highlight the interest of global firms in Africa.
The acquisition of PaySpace by Deel is a strategic move that strengthens Deel's position in Africa. With the acquisition, Deel gains full ownership of PaySpace's payroll engines, allowing them to provide better services to their customers. This acquisition also reflects the growing interest of global firms in the African market.
